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Valterra Resource Corporation: Valterra Updates Progress at Livramento Predevelopment Gold Project, Brazil
Vancouver, British Columbia (Newsfile Corp. - February 17, 2021) -
Valterra Resource Corporation (TSXV: VQA) (OTCQB: VRSCF) ( Valterra or the Company ) has completed a number of requisite tasks prior to commencement of a 5,000-tonne bulk-sampling program at the Livramento gold project, located in the Poconé Mining District, Mato Grasso, Brazil.
Acquisition - Poconé Mining Mineração Ltda, ( PMM ) is a private Brazilian company that Valterra is acquiring, subject to regulatory approval, as a wholly owned Brazilian subsidiary (the Transaction ). PMM is purchasing the Livramento property (see NR-09-20, 17 September 2020 for details of the transaction) and has assumed possession and full operational control of the gold project. Approval of the Transaction is taking longer than anticipated and supplemental submissions are currently being concluded to result in receipt of fi